Shares of Crombie Real Estate Investment Trust (TSE:CRR.UN) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.72 and traded as low as $15.39. Crombie Real Estate Investment Trust shares last traded at $15.64, with a volume of 30,186 shares.
Several analysts have commented on CRR.UN shares. Canaccord Genuity boosted their price target on shares of Crombie Real Estate Investment Trust from C$15.25 to C$15.50 in a research note on Friday, May 10th. Desjardins upgraded shares of Crombie Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$16.00 target price on the stock in a report on Monday, May 13th. Royal Bank of Canada boosted their target price on shares of Crombie Real Estate Investment Trust from C$15.50 to C$16.00 and gave the stock a “sector perform” rating in a report on Monday, August 12th. Raymond James restated a “market perform” rating and issued a C$16.00 target price on shares of Crombie Real Estate Investment Trust in a report on Friday, August 9th. Finally, CIBC boosted their target price on shares of Crombie Real Estate Investment Trust from C$16.00 to C$17.00 in a report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of C$16.19.
The company has a market capitalization of $1.40 billion and a PE ratio of 19.85. The company has a current ratio of 0.44, a quick ratio of 0.01 and a debt-to-equity ratio of 158.43. The firm’s 50-day simple moving average is C$15.49 and its 200-day simple moving average is C$14.72.
Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets.
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